Author: felix@elixnews.co.ug

Uganda’s mobile money transaction has hit 253.7 trillion mark according to Bank of Uganda. According to BOU Annual Report for Financial Year 2023/2024,mobile money significantly increased by 31.5 from UGX192.9 trillion in the twelve months ending June 2023 to sh 253.7trillion in the year to June 2024. Similarly, the volumes increased by 22.8 percent from 5.7 billion transactions to 7 billion transactions during the same period. According to the report, the first transaction band of (UGX 0 – 25,000) recorded 1.63 billion transactions representing 87.9 percent of the total number of transactions. “All the e-money issued is fully backed up…

Uganda Electricity Distribution Company Limited (UEDCL) has announced a scheduled power supply interruption affecting in Kampala effective Monday June 16 to 25, 2025. According to officials the black out will allow engineers from the Uganda Electricity Transmission Company Limited (UETCL) to complete the installation of new fire safety systems at the Mutundwe substation. The work is part of an ongoing initiative to modernize infrastructure and improve safety standards in Uganda’s power grid. However, the upgrade means that residents and businesses in a wide swath of neighborhoods must brace for temporary disruptions in electricity supply. The power interruption will impact dozens…

The Presiding President of Born-Again Faith in Uganda Dr Joseph Sserwadda has urged fellow Pastors and well-wishers to mobilize resources for the construction of first ever Born-again Stadium which will be used for annual prayer conventions. Sserwadda, the lead pastor of Victory Christian Centre, announced an ambitious plan to build a world-class stadium exclusively for Uganda’s born-again Christian community dunned Doxa Stadium last year whose state-of-the-art facility is projected to cost a staggering $500 million and will require at least 100 acres of land. “We request all born again, pastors and well-wishers to support our project in our mobilization drive…

National Resistance Movement (NRM) Electoral Commission has set 30th Zune as deadline for party nomination exercise. According to Dr. Tanga Odoi, Chairperson of the NRM Electoral Commission. The standard nomination exercise is set to run from June 17 to June 30, 2025, with the deadline for collecting forms set for midday on June 14. Dr. Odoi stressed the need for discipline among all aspirants, urging adherence to the party’s guidelines. Meanwhile National Resistance Movement (NRM) Electoral Commission has nominated Vice President Maj. (Rtd) Jessica Alupo, Security Minister Maj. Gen. (Rtd) Jim Muhwezi, and State Minister for Ethics and Integrity Rose…

Goldstar Insurance Company Limited, has reaffirmed its national financial strength rating of AA(UG) with a Stable Outlook from GCR Ratings, a leading credit rating agency affiliated with Moody’s. Goldstar, which is marking over 30 years of service, said the reaffirmed rating demonstrates its long-standing commitment to sound business practices, transparency, and customer protection. “I am pleased to announce that GCR has maintained our credit rating AA with a positive outlook. This rating, whose contributing factors comprise, among others, financial stability, underwriting performance, claims handling, risk management, and customer satisfaction, is once again a confirmation of our prudent management of the…

Uganda’s young robotics innovators have returned home in triumph after excelling at the 2025 VEX World Robotics Championship, where they competed against more than 800 teams from around the world. Ugandan students earned their spots at VEX Worlds through stellar performances at the Uganda National STEM and Robotics Championship 2024, held in November last year. The event was supported by UNDP Uganda, NEC UPDF, the Ministry of ICT and National Guidance, and Kaziire Health Products, highlighting Uganda’s commitment to advancing STEM education. Their journey to Dallas was a landmark moment for Uganda’s growing robotics landscape, reflecting the nation’s commitment to equipping students with engineering and digital innovation skills. “Uganda’s…

TThe Ministry of Lands, Housing and Urban Development (MLHUD) has recorded significant achievements across its three core mandate areas: land administration and management, housing development, and urban development. These efforts are aligned with the national development agenda to ensure equitable access to land, orderly urbanization, and affordable housing. The Ministry has invested in policy reforms, technological advancement, institutional capacity building, and citizen-centered service delivery. Below is a comprehensive summary of its accomplishments to date: 1. Land Administration and Management a. National Land Information System (NLIS) One of the Ministry’s flagship achievements is the implementation of the National Land Information System…

In abid to address donor funding shortfall, Finance Minister Matia Kasaija has released Uganda’s comprehensive strategy to enhance domestic revenue mobilization totaling to $9.6 billion for the fiscal year 2025/26. According to Kasaijja this collection target is expected to finance about 60% of the national budget, reducing reliance on external funding. Presenting the budget at Kololo the Minister underscored a multifaceted approach focused on broadening the tax base that includes strategic government investments in key sectors identified for their growth potential, such as agro-industry, tourism, minerals, and the burgeoning oil and gas sector. According to Kasaia attention will be directed…

In aremarkable budget speech,Uganda government has granted business startups three-year income tax holiday effective July 1, 2025, Finance Minister Matia Kasaijja says the reforms will support local entrepreneurship and formalization of the fast growing East African economy. Presenting the Shs 72trillion FY2025/26 National Budget on at Kololo Ceremonial Ground,Kasaija noted that the tax exemption targets start-ups that typically face high upfront investment costs and low cashflows in their formative years. “This is intended to foster innovation, encourage formalisation of SMEs, enhance business survival, and promote employment,” the Minister told Parliament. The development comes at a time when Uganda’s start-up ecosystem…

Dr. Matthias Magoola, the Managing Director of Dei Biopharma Ltd, has published a major scientific paper in the internationally renowned peer-reviewed journal Cancers. Titled “Current Progress and Future Perspectives of RNA-Based Cancer Vaccines: A 2025 Update” and appears in Cancers (2025), Volume 17, Issue 11 offers fresh insights into the future of cancer treatment through RNA-based technologies and CAR-T cell immunotherapy. The publication underscores the promise of RNA-based vaccines in oncology and highlights innovative therapies that could reshape global cancer treatment standards. Dei Biopharma is investing in novel research and owns over 100 patents filed in the USA that cover…